Import prices fell 0.2% last month (+0.2% y/y) following a
revised 0.7% May decline, initially reported as -0.6%. No
change in prices had been expected in the Action Economics
survey. In a switch from prior months, lower prices for
nonpetroleum products were the catalyst for the decline.
Conversely, petroleum prices ticked 0.2% higher (2.9% y/y) as
crude oil prices jumped.